N.O. businessman John Georges signs letter of intent to buy Advocate, newspaper reports

N.O. businessman John Georges signs letter of intent to buy Advocate, newspaper reports

N.O. businessman John Georges signs letter of intent to buy Advocate, newspaper reports

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wwltv.com

Posted on March 16, 2013 at 8:29 AM

Updated Saturday, Mar 16 at 8:34 AM

Dominic Massa / Eyewitness News

In another sign of the changing Louisiana print media landscape, New Orleans businessman John Georges has signed a letter of intent to purchase the Baton Rouge Advocate, the newspaper reported Saturday.

The newspaper quoted current publisher David Manship as saying the deal is expected to close by June 1.  Georges would not comment, citing a confidentiality agreement, the newspaper reported.

The terms were not disclosed.

“We are extremely happy about the prospect of selling our family newspaper to a Louisiana businessman with strong ties to Louisiana,” David Manship said.

A New Orleans native, Georges, 52, has business holdings that range from Imperial Trading Co. to food service distribution companies and Galatoire’s restaurant. 

Other companies controlled by Georges handle grocery distribution, offshore marine services, video and arcade entertainment.  He also launched unsuccessful campaigns for governor and mayor of New Orleans in recent years. 

Georges said in January that he had a “serious interest” in buying The Advocate and that he expected any official offer for the newspaper would be before the summer.

The Advocate, founded in Baton Rouge in 1842, launched its New Orleans edition in October after The Times-Picayune announced it would cut back to three days of print editions.

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